European funds' fortunes reversed in May as UK vehicles record £571m in outflows

Mixed Asset funds top IA sector flows

James Baxter-Derrington
clock • 2 min read
Europe funds received £101m of inflows over the course of May 2021
Image:

Europe funds received £101m of inflows over the course of May 2021

Europe funds have reversed a four-month streak of net outflows as a period of strong performance from the continent’s stocks pushed the region into the black, with £101m of net inflows over May, according to the latest Investment Association (IA) fund flows.

Meanwhile, UK funds recorded heavy outflows, with £571m withdrawn over the month, while UK Equity Income topped the table as the worst-selling IA sector, contributing £375m of the negative flows. More...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Former fund manager Neil Woodford

Link invests more into Woodford stock Mafic

Fund now sits at £124.3m

clock 30 November 2021 • 1 min read
UCITS and AIF assets grow in Q3

Retail investors show 'confidence' in long-term UCITS funds in Q3

H1 marked by “significant” reallocation, says EFAMA

clock 29 November 2021 • 1 min read
Richard Staveley is expected to act as a consultant to Harwood as the trust is wound down

Gresham House Strategic board sets out two-year managed wind-down of trust after collapse of review

B share scheme ‘fairest’ way to return capital to shareholders

clock 29 November 2021 • 2 min read
Trustpilot